Once upon a crypto-sphere, Bitcoin dazzled with crazy gains, luring every retail investor like moths to a neon flame. But this ride might be hitting a bumpy patch.
The smart guys at 10x Research think Bitcoin’s price has ballooned so much that the everyday investor can barely afford a slice of the action anymore.
Diminishing returns
The main problem is that this is threatening to throw a wrench into the much-hyped bull market cycle that was supposed to keep pumping beyond the usual four-year rodeo.
Bitcoin’s ascent is now coming hand-in-hand with “diminishing returns,” a polite way of saying good luck trying to get rich fast if you don’t have a fat wallet.
This phrase appeared like a ghost in 10x Research’s new report and poked holes in the “Bitcoin cycle theory” that’s been everyone’s bread and butter for years.
After all, as they highlighted, Bitcoin is a mere 16 years old, a toddler in finance-land, making it reckless to declare ironclad truths from such a short timeframe.
One million
If you’re holding out for Bitcoin to hit stratospheric levels, say a million bucks like some flashy “ stock-to-flow” models promise, 10x Research serves you a cold splash of reality. their projection pegs a cycle top around $125,000 by year-end.
Modest? Definitely. But these guys nailed the bear market bottom last October, so they’re not just guessing wildly.
One hundred million satoshis
On the other hand, industry veterans are playing a different tune. Geoff Kendrick of Standard Chartered isn’t shy about predicting Bitcoin growing to $200,000 by the end of 2025.
If that sounds bullish, wait for it, he even suggested Bitcoin might hit $500,000 by the time Donald Trump proudly finishes his second presidential term in 2028.
Somewhere in the blockchain shadows, the “ smart money ” traders tracked by platforms like Nansen are quietly scooping up more Bitcoin, signaling their faith that this rollercoaster isn’t done yet.
So, Bitcoin’s rising price tag is making it tough for regular people to join or stay on this high-stakes fiesta.
This could mean the traditional four-year bull market rhythm is wobbling like a vintage Tesla coil on the fritz.
The crypto crowd is watching closely, will this bubble of exclusivity burst, or will Bitcoin find a new groove to keep the party going? If only we have something called satoshi, the change unit of the Bitcoin. That would be awesome.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
